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IRWIN v. GROGAN-COLE

No. 91-826.

590 So.2d 1102 (1991)

Ronald L. IRWIN, Trustee, Appellant, v. Ann GROGAN-COLE, et al., Appellees.

District Court of Appeal of Florida, Fifth District.

December 27, 1991.

Attorney(s) appearing for the Case

Richard H. Adams, Jr., and Christopher T. Vernon, of Pleus, Adams & Spears, P.A., Orlando, for appellant.

Howard L. Cauvel, Orlando, for appellee, Florida Development Corp. of Orlando.

HARRIS, Judge.

On July 22, 1975 Gerald R. McGratty, Jr. as trustee, mortgaged certain property to secure a $45,000 indebtedness to A.N. Abramowitz, as trustee. The note evidencing the debt was payable:

One annual payment of interest only to be due and payable twelve months from above date; thereafter, three equal annual payments of principal and interest of $6,415.20, and, thereafter, three equal annual payments of $11,620.35 plus accrued interest. ...

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